Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 2013 results for "BID"

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
The US Bureau of Labor Statistics has reported that inflation has surged 9.1% over the last year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't ...

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
The Link Group board won't recommend Dye and Durham's $4.57 offer but will continue to seek an agreed position. The board cited that its dismissal of the acquisition offer followed stakeholder feedback, an independent expert's determination of the company's ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... including just $14 million after the ASX closed, compared with the average of $10 billion per day in the prior week. "Average bid-offer spreads on Chi-X after the ASX closed were around 20 times usual levels. The minimal level of liquidity and trading ...

Centrepoint says Diverger offer overlooks strategic value

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
Diverger's bid for Centrepoint Alliance does not reflect the company's strategic value, the latter's board has determined. Diverger handed Centrepoint a non-binding indicative offer last Thursday, offering about $65 million for 100% of the company's ...

Diverger makes $65m bid for Centrepoint Alliance

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
With a 20% interest already under its belt, Diverger is looking to acquire 100% of Centrepoint Alliance. Yesterday, the listed advice group entered a call option deed with TIGA Trading and Thorney Holdings in respect of 19.99% of Centrepoint. This was ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... of uptake. This reflects a combination of issues with respect to what is expected to comply with the Best Interests Duty (BID) and the uncertainty created by Standard 6 of the Code of Ethics," the AFA said. The group said advisers are also uncertain ...

Padua launches new adviser tool

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... designed to reduce time spent on advice documents for their clients. "Advisers can produce the ROA or SOA, best interest duty (BID) statement and product comparison instantly and can also compare the fees and features across over 1,600 superannuation ...

IFM Investors becomes majority shareholder in Atlas Arteria

CHLOE WALKER  |  THURSDAY, 9 JUN 2022
... pension fund members, such as nurses, teachers, construction workers and hospitality staff." IFM GIF is yet to make a takeover bid for Atlas Arteria but confirmed it would seek access to "certain limited company information, before deciding whether to ...

ASIC prosecutes market manipulator

CHLOE WALKER  |  TUESDAY, 7 JUN 2022
ASIC has successfully prosecuted a'pump and dump' operator on 23 charges of manipulating listed stocks on the ASX; the first conviction of its kind for the regulator. Gabriel Govinda (known as 'Fibonarchery' online) pleaded guilty to the charges, and ...

TAL welcomes new chair

JAMIE WILLIAMSON  |  FRIDAY, 3 JUN 2022
Duncan Boyle has retired as chair of TAL, with Mark Joiner set to replace him. Boyle joined the TAL board as chair in September 2014. Now, after close to eight years, he has decided to retire. In doing so, he hands over the reins to Mark Joiner. In ...